AMH Q2 rents up 7.1% to $423.5M; raises FY Core FFO guidance to $1.74-$1.78

American Homes 4 Rent

2024-Q2 EPS reported $0.55

Net income $92.1M ($0.25/diluted share) vs $98.0M ($0.27) in Q2 2023; decrease from lower gains on property sales.
Core FFO per share +8.5% YoY to $0.45; Adjusted FFO per share +9.4% YoY to $0.39.
Same-Home Core NOI +5.9% to $219.9M; Same-Home Average Occupied Days 96.6% with 5.3% blended lease rate growth.
Issued $500M of 5.500% unsecured senior notes due 2034; raised FY 2024 Core FFO guidance midpoint to $1.76 (+6.0% YoY).
Total portfolio Core NOI +8.7% to $243.0M; portfolio grew to 58,860 homes; $718.4M cash, $1.25B credit facility undrawn.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.